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CTR (or the Computing Tabulating Recording corporation) was founded in 1911 by Charles Flint when he merged three companies together. They originally serviced only the U.S. with machines built to automatically record times, tabulations, data, or etc. The Board of Directors decided in 1914 that they needed a strong manager at the helm of the company and did not want to rely on any of the founding managers from the 3 companies which had been merged.
In 1914 Flint brought on Thomas J. Watson Sr. as the General Manager for the organization. In 1915 he became the President. Watson established many of the numerous ideals which IBM became known for; the highly trained and strong sales force, the "THINK" corporate slogan campaign, and the international push for business. In 1924, after opening a few European sites, Watson took a second look at the company's name. He felt the name did not properly represent the global scope or direction with which the company would be moving. Influenced by an intercompany newsletter from one of the Canadian offices, he changed the name to the International Business Machines corporation.
Since then IBM has achieved great success globally. They have been on the Fortune 500's list every year since the list started in 1955. Their 2009 Fiscal reports show they currently have revenue of $95.8 billion dollars, employ 399,049 employees worldwide, and operate on almost every continent (6 out of 7 isn't bad).
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What is a real world case of market failure today?
Market failure is usually a term to describe the inability of a product or service that has produced losses over a given period of time. The reasons for this may differ depending on many factors. One notable market failure was with IBM and the personal computer market. This case is some years back, however, it's good case to know about. IBM is a classic when it comes to computers and high technology. IBM decided to enter the personal computer back in the 1980's. IBM has a well known name but has well known expenses. Smaller computer companies were able to meet customer demands in the various ways a small computer works. IBM was to big to quickly adapt to these changes and thus IBM's personal computer business had to be ended.
How did Bill Gates earn his money?
Bill Gates made a deeal with IBM to license the DOS (disk oprerating system) on every computer IBM. IBM thought that the money was in the hardware. But as profit margins fell on the hardware it turned out that Gates made the right choice. Pretty soon he had the rights to sell the operating system on every IBM compatible computer.
Why don't firms like IBM GE and Microsoft choose s corporation status?
Why don’t firms such as IBM, GE, and Microsoft choose S corporation status?
Where did Bill Gates get his idea of Microsoft from?
He did not steal it, he bought it fair and square. Even in his wildest dreams there was no way to predict DOS would be as popular as it ended up being. Why Microsoft got huge really quick? 1. IBM was coming out in full force with their first personal computer, the IBM PC. 2. IBM did NOT have software to run on it. 3. Bill Gates and company knew that whoever sold the software for the IBM PC would get filthy rich. 4. IBM did not give a crap about the software, they were interested in selling PCS. 5. Bill Gates and co. found out that the owner of CP/M would welcome a purchase offer. 6. Microsoft convinced IBM that they had the OS that would make the IBM PC rock. 7. IBM said sure, we'll buy it. 8. Microsoft said I'm sorry, you misunderstood us. We want to license it to you, on a per unit basis. 9. IBM said sure, why not? 10. Microsoft said oh, and we can sell it to anyone else we want. 11. IBM said sure, why we care? All we want is to sell PCs. Microsoft turned around, purchased CP/M and used it as the basis for DOS. Then they sold to to anyone that wanted it. That is why Microsoft got filthy rich. They got even richer later with Windows, but they became a monster thanks to the licensing deal with IBM. What was Microsoft's claim for fame before DOS? They wrote one of the very first BASIC interpreters for kit computers.
How did bill gates be such an successful entrepreneur?
IBM wanted to get into the small PC business and needed some one to write DOS disk operating system. He did in one month which is remarkable for that time. As a special note he objected the IBM idea of 640 MEMORY rams limitation but IBM reply was that would be enough for usage. HOW WRONG COULD THEY BE By having a keen eye for marketing, convincing a lot of people that - in order to be able to keep a 'competitive advantage' - they constantly need to pay for new and better versions?
Founded in 1896 what was IBM formerly called?
IBM was not actually founded in 1896. One of the three companies merged to create CTR (IBM's former name) was founded in 1896.That company was the Tabulating Machine Company. It was created by Herman Hollerith after his invention helped the U.S. Census Bureau in 1890 to tabulate the census results in one year versus the 8 years it took in 1880.Together with the International Time Recording company and Computing Scale Corporation, the Tabulating Machine company merged to form the Computing Tabulating Recording Corporation (CTR for short). It held this name until 1924 when the acting president, Thomas Watson Sr., changed the name to IBM (International Business Machines).Computing Tabulating Recording Corporation (CTR)
Who started IBM?
Herman Hollerith, in Broome County, New York (Endicott, New York, where it still maintains very limited operations). It was incorporated as Computing Tabulating Recording Corporation (CTR) on June 16, 1911, and was listed on the New York Stock Exchange in 1916. IBM adopted its current name in 1924, when it became a Fortune 500 company.
Who was the founder of IBM?
IBM (International Business Machines) was formed from a merger of three companies on June 16, 1911. Those companies were; Tabulating Machine Company (D.C. Based), the International Time Recording Company (Endicott), and Computing Tabulating Recording company (CTR). This merger was financed by Charles Flint. Who would run the now called CTR until 1914. In 1914 Flint hired Thomas J. Watson I to lead the new company. In 1924 Watson changed the name of C-T-R to the International Business Machines company (IBM) because he felt CTR was not sufficient to the vision of the company. It was Watson who institutded many of the corporate structure and programs which IBM is best known for today.
What is the short form for centre?
Ctr. With a small c if it's not the first word in a sentence, or it isn't referring to the name of a particular center.
What year did IBM start?
IBM was founded on June 16th, 1911. The company was originally called the Computing Tabulting Recording Corporation (or CTR for short). Charles R. Flint approched three separate companies with the possibilities of a merger in 1910. Those companies were;The Tabulating Machine Company; founded in 1896 by Herman Hollerith in the Washington D.C. area.The Computing Scale Company; founded in 1891 by Orange Ozias in the Dayton, OH area.The International Time Recording Company; an acquisition of Bundy Manufacturing Company, the Standard Time Stamp Company, and the Willard and Frick Manufacturing Company. Organized in 1900 by George W. Fairchild. ITR also acquired the Dey Time Register Company in 1907.On February 14th, 1924 Thomas J. Watson Sr., the acting president of CTR, renamed the company the International Business Machines Company, or IBM as we know it now.
What was the IBM first known for?
At the time IBM became IBM (in 1924, it was previously named CTR) it was already producing and selling thousands of different products, so IBM did not have a first product that it sold. A few of the products that CTR sold in 1923 and IBM continued to sell in 1924 and for many years after were:weighing scalescomputing scalespunchcard tabulatorspunchcard sorterskeypunchespunchcardsself regulating clock systems (i.e. several synchronized clocks for schools)time clocksmeat slicerscoffee grindersetc.
What was the first name of the company now known as IBM?
IBM was originally called CTR (Computing Tabulating Recording Corporation) before changing to IBM in 1924. The original name comes from the 3 previous companies that were merged together in 1911 to form CTR. These companies were the International Time Recording company, the Tabulating Machine company, and the Computing Scale Corporation.
What was the name of the IBM computer that won jeopardy?
The name of the IBM computer was Watson.
How do you list digits0-9 in aspnetc using for loop?
for (int ctr = 0; ctr <= 9; ctr++) Response.Write(ctr + ' ');
How old is IBM?
IBM adopted its current name in 1924 http://en.wikipedia.org/wiki/IBM
How do you abbreviate the word center?
ctr ctr
What is Tha full name of IBM?
IBM = International Business Machines
